Buying Swing: SPY we bought 210 calls at ..78 area same con

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MMASSASSIN
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Buying Swing: SPY we bought 210 calls at ..78 area same con

Post by MMASSASSIN »

Buying Swing: SPY we bought 210 calls at ..78 area same contract amount as the 211 calls. This now places us heavily intraday bullish but we can at any time double short 210.50 to reduce risk. Earlier when we bought the 211we wanted a move back to pivot, and we finally hit the pivot point at 209.77 allowing us to complete the positioning. Real strength is not seen till we can get above 210.19 area fib extension. A wick up to there would leave many shorts trapped.

This trade is one part of a larger strategy so please look back at Previous posts to see the whole picture. AND IF YOU ARE NEW, PAPER TRADE FOR AT LEAST A FEW MONTHS because this is ADVANCED OPTIONS TRADING !!
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